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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 26<br>
</u></span></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.3767 down 0.0226<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 3.23 DEC20 HI 3.36 3/4<br>
</u></div>
<div><u> LOW 3.16 1/2 LOW 3.31 1/4<br>
</u></div>
<div><u> CLOSE3.19 Up 1 CLOSE 3.34 Up 1 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS<br>
</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +JUL20+SEP20+SEP20<br>
</u></div>
<div><u>CK Low 1.25 4.44 174.80 0.90 4.24 166.92<br>
</u></div>
<div><u>CK High 1.25 4.44 174.80 0.95 4.29 168.89<br>
</u></div>
<div><u>CK Avg 1.25 0.04 4.44 174.80 0.91 -0.26 4.25 167.25<br>
</u></div>
<div><u>Essex Cty 1.25 4.44 174.80 0.90 4.24 166.92<br>
</u></div>
<div><u>Mdsx Low 1.25 4.44 174.80 0.90 4.24 166.92<br>
</u></div>
<div><u>Mdsx High 1.25 4.44 174.80 0.95 4.29 168.89<br>
</u></div>
<div><u>Mdsx Avg 1.25 0.04 4.44 174.80 0.93 -0.24 4.27 167.91<br>
</u></div>
<div><u>Hensall 1.30 4.49 176.76 0.97 4.31 169.55<br>
</u></div>
<div><u>Bruce 1.25 4.44 174.80 0.95 4.29 168.89<br>
</u></div>
<div><u>Putnam 1.25 4.44 174.80 0.90 4.24 166.92<br>
</u></div>
<div><u>Burford 1.25 4.44 174.80 0.90 4.24 166.92<br>
</u></div>
<div><u>Port Perry 1.35 4.54 178.73 1.05 4.39 172.83<br>
</u></div>
<div><u>Norfolk 1.25 4.44 174.80 0.90 4.24 166.92<br>
</u></div>
<div><u>Palmerston 1.25 4.44 174.80 0.95 4.29 168.89<br>
</u></div>
<div><u>Varna 1.30 4.49 176.76 0.95 4.29 168.89<br>
</u></div>
<div><u>Trenton 1.35 4.54 178.73 1.10 4.44 174.80<br>
</u></div>
<div><u>Winchester 1.40 4.59 180.70 1.45 4.79 188.57<br>
</u></div>
<div><u>North Gower 1.35 4.54 178.73 1.40 4.74 186.61<br>
</u></div>
<div><u>Vankleek Hil 1.01 4.20 165.35 1.06 4.40 173.22<br>
</u></div>
<div><u>Huron FOB 1.43 4.62 181.88 0.95 4.29 168.89<br>
</u></div>
<div><u>Kent FOB 1.30 4.49 176.76 1.00 4.34 170.86<br>
</u></div>
<div><u>Lamb FOB N/A 0.95 4.29 168.89<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 4.49 176.76 0.95 4.29 168.89<br>
</u></div>
<div><u>FOB SW Que 2.16 5.35 210.62N/A<br>
</u></div>
<div><u>Track 1.52 4.71 185.23N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.45 N/A<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A 1.50 1.60 1.20 4.54 178.73<br>
</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.25 4.59 180.70<br>
</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Cardnl-Ing N/A N/A 1.95 2.00 1.55 4.89 192.51<br>
</u></div>
<div><u>W O Feed 1.64 4.83 190.23<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.76 4.95 194.87<br>
</u></div>
<div><u>Toledo El. -0.11 3.08 121.25 -0.41 2.93 115.22<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.80 4.99 196.45 1.35 4.69 184.64<br>
</u></div>
<div><u>Prescott 1.86 5.05 198.81N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 0.95 4.29<br>
</u></div>
<div><u>*Wet Bid<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3767 down 0.0226<br>
</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JUL20 HI 8.49 NOV20 HI 8.57 1/2<br>
</u></div>
<div><u> LOW 8.32 1/4 LOW 8.43 1/4<br>
</u></div>
<div><u> CLOSE8.47 Up 13 3/4 CLOSE 8.55 Up 10 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP<br>
</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +JUL2+JUL2+SEP20<br>
</u></div>
<div><u>CK Low 2.77 11.24 413.002.60 11.15 409.69<br>
</u></div>
<div><u>CK High 2.85 11.32 415.942.65 11.20 411.53<br>
</u></div>
<div><u>CK Average 2.80 -0.2811.27 414.222.63 -0.4311.18 410.92<br>
</u></div>
<div><u>Essex Cty 2.80 11.27 414.102.60 11.15 409.69<br>
</u></div>
<div><u>Mdsx Low 2.75 11.22 412.262.58 11.13 408.96<br>
</u></div>
<div><u>Mdsx High 2.80 11.27 414.102.65 11.20 411.53<br>
</u></div>
<div><u>Mdsx Average 2.78 -0.3011.25 413.182.62 -0.4411.17 410.24<br>
</u></div>
<div><u>Hensall 2.77 11.24 412.882.62 11.17 410.30<br>
</u></div>
<div><u>Bruce 2.85 11.32 415.942.70 11.25 413.37<br>
</u></div>
<div><u>Putnam 2.80 11.27 414.102.65 11.20 411.53<br>
</u></div>
<div><u>Burford 2.82 11.29 414.842.65 11.20 411.53<br>
</u></div>
<div><u>Port Perry 2.77 11.24 413.002.60 11.15 409.69<br>
</u></div>
<div><u>Norfolk 2.80 11.27 414.102.65 11.20 411.53<br>
</u></div>
<div><u>Palmerston 2.79 11.26 413.732.65 11.20 411.53<br>
</u></div>
<div><u>Varna 2.75 11.22 412.262.60 11.15 409.69<br>
</u></div>
<div><u>Trenton 2.85 11.32 415.942.70 11.25 413.37<br>
</u></div>
<div><u>Winchester 2.80 11.27 414.102.59 11.14 409.32<br>
</u></div>
<div><u>North Gower 2.85 11.32 415.942.71 11.26 413.73<br>
</u></div>
<div><u>Vankleek Hill N/A 2.85 11.40 418.88<br>
</u></div>
<div><u>Huron FOB 2.90 11.37 417.782.70 11.25 413.37<br>
</u></div>
<div><u>Kent FOB 3.00 11.47 421.452.65 11.20 411.53<br>
</u></div>
<div><u>Lambton FOB 3.15 11.62 426.962.75 11.30 415.20<br>
</u></div>
<div><u>Middlesex FOB2.94 2.94 N/A N/A 11.41 419.252.70 11.25 413.37<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 3.26 11.73 431.002.88 11.43 419.98<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 3.40 11.87 436.153.10 11.65 428.06<br>
</u></div>
<div><u>Prescott N/A 3.14 11.69 429.53<br>
</u></div>
<div><u>Port Colborne3.35 11.82 434.313.04 11.59 425.86<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.14 8.33 306.16-0.41 8.14 298.98<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3767 down 0.0226<br>
</u></div>
<div><u>Chicago wheat closed slightly lower.<br>
</u></div>
<div><u>JUL20 HI 5.12 1/4 SEP20 HI 5.15 3/4<br>
</u></div>
<div><u> LOW 5.04 1/4 LOW 5.08<br>
</u></div>
<div><u> CLOSE 5.06 3/4 Down 2 CLOSE 5.10 1/2 Down 2 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>JUL20 HI 5.20 1/2 SEP20 HI 5.31 3/4<br>
</u></div>
<div><u> LOW 5.10 1/2 LOW 5.22<br>
</u></div>
<div><u> CLOSE 5.17 3/4 Up 4 3/4 CLOSE 5.28 3/4 Up 4 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 2.05 2.25 2.05 1.33<br>
</u></div>
<div><u>CAD $/bu 7.11 7.32 7.11 6.51<br>
</u></div>
<div><u>CAD $/tonne 261.39 268.98 261.39 239.13<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2019 Harvest 2020<br>
</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS<br>
</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</u></div>
<div><u>ELEVATORS<br>
</u></div>
<div><u>Brgssvll N/A N/A N/A N/A N/A N/A 1.31 N/A<br>
</u></div>
<div><u>London 1.94 2.22 1.73 N/A 1.49 1.69 1.21 N/A<br>
</u></div>
<div><u>Hensall 1.75 N/A 1.75 N/A 1.46 N/A 1.31 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.41 N/A<br>
</u></div>
<div><u>Bruce 1.65 2.15 1.75 1.80 1.36 1.71 1.31 1.30<br>
</u></div>
<div><u>Essex N/A N/A 1.70 N/A N/A N/A 1.21 N/A<br>
</u></div>
<div><u>Norwich 1.75 N/A 1.75 N/A 1.46 N/A 1.31 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.75 N/A N/A N/A 1.41 N/A<br>
</u></div>
<div><u>Kent Bridge 1.75 N/A 1.75 N/A 1.46 N/A 1.31 N/A<br>
</u></div>
<div><u>Chatham N/A N/A N/A N/A N/A N/A 1.26 N/A<br>
</u></div>
<div><u>Brigden N/A N/A N/A N/A N/A N/A 1.26 N/A<br>
</u></div>
<div><u>Palmerston N/A 2.06 1.64 1.75 N/A 1.73 1.30 1.24<br>
</u></div>
<div><u>Varna 1.85 2.05 1.65 N/A 1.36 1.66 1.26 N/A<br>
</u></div>
<div><u>Mitchell 1.75 1.90 1.75 N/A 1.46 1.66 1.31 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.63 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 2.10 1.90 1.05 N/A 1.85 1.40 1.10<br>
</u></div>
<div><u>W O Feed 2.20<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.08 N/A N/A N/A 1.55 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 1.91 N/A N/A N/A 1.87 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.07US 6.98CA 5.07US 6.98CA<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 1.58 1.93 1.58 1.17<br>
</u></div>
<div><u>CAD $/bu 6.69 7.03 6.69 6.46<br>
</u></div>
<div><u>CAD $/tonne 245.68 258.33 245.68 237.21<br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures<br>
</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange<br>
</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS<br>
</u></div>
<div><u>FOB Hm Soymeal 487.12<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 265.00<br>
</u></div>
<div><u><br>
</u></div>
<u><span></span><br>
</u></div>
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<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
</span></p>
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